U.K. equities slump as Reeves’ position triggers investor unease; European banking stocks shine LONDON: European stock markets closed slightly higher Wednesday, led by gains in continental banks and mining shares, while U.K. equities wobbled amid political uncertainty surrounding Chancellor Rachel Reeves. The pan-European Stoxx 600 index rose 0.2%, recovering from an earlier dip into negative…
Wall Street closes higher as trade optimism meets labor market jitters
Dow Jones nears record high as investors balance trade optimism with labor concerns U.S. stocks edged higher Wednesday as optimism over trade agreements helped buoy sentiment, even as fresh data pointed to a weakening labor market, intensifying expectations for interest-rate cuts from the Federal Reserve. The S&P 500 advanced 0.4%, hitting a new record high…
Arista acquires VeloCloud SD-WAN business from Broadcom
Arista Networks has acquired the VeloCloud software-defined wide area network (SD-WAN) business from Broadcom, the companies announced, marking a strategic move as network architectures shift toward AI-optimized, distributed environments. VeloCloud, originally acquired by VMware in 2017 to expand its network virtualization capabilities, changed hands following Broadcom’s blockbuster takeover of VMware in 2023. Financial terms of…
Apple’s budget-friendly MacBook with iPhone 16 Pro chip coming in 2026 – What we know
Apple is reportedly developing a more affordable MacBook powered by the same A18 Pro chipset expected in the iPhone 16 Pro—marking a major shift from its M-series processors. The device, codenamed Mac17,1, could hit the market in late 2025 or early 2026, offering a cheaper alternative to Apple’s premium laptops. A MacBook with iPhone Power The…
Loyal Metals secures option to acquire one of world’s highest-grade copper-gold mines
SYDNEY: Loyal Metals Ltd. (ASX: LLM) announced Wednesday it has secured a binding option to acquire the Highway Reward Copper Gold Mine in Queensland, Australia — historically ranked among the highest-grade copper producers globally. Under the agreement, Loyal Metals plans to explore and potentially revive the mine, which ceased operations in 2005. Previously, the mine…
Terra Uranium to acquire largest Tungsten-Molybdenum Project in New South Wales
MELBOURNE: Terra Uranium Limited (ASX: T92) announced today it has entered a binding agreement to acquire Dundee Resources Pty Ltd, securing 100% ownership of the Glen Eden Tungsten-Molybdenum Project in New South Wales, the largest undeveloped tungsten project in the region. The acquisition includes tenements hosting the Glen Eden, Bald Nob, and Deepwater projects, which…
Baker Steel Resources Trust to receive $5.16 million from sale of Prognoz Royalty stake
LONDON: Baker Steel Resources Trust Ltd. said Wednesday that it expects to receive approximately $5.16 million in cash in the third quarter, following the divestment of a key royalty interest in a Russian silver project. The company announced that PAL, in which it holds a 49.99% interest, has signed a binding agreement to sell its…
KKR to acquire Spectris in £4.1 billion deal
LONDON: Private equity firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire British precision measurement company Spectris plc in a recommended cash deal valued at approximately £4.1 billion ($5.2 billion). Under the terms of the acquisition, Spectris shareholders will receive £40.00 per share, comprising £39.72 in cash from KKR’s acquisition vehicle, Project Aurora…
Banco Sabadell to sell TSB to Santander for £2.9 billion
BARCELONA: Banco Sabadell’s board agreed Tuesday to propose the sale of its British subsidiary, TSB, to Banco Santander for £2.9 billion (€3.4 billion) in cash, with the deal expected to close in the first quarter of 2026. The Spanish bank said it will recommend an extraordinary cash dividend of €0.50 per share, totaling about €2.5…
Figma files for IPO, reports strong growth after failed Adobe deal
SAN FRANCISCO: Figma, a design software company, has filed for an initial public offering on Tuesday, marking one of the most anticipated market debuts in recent years as it prepares to list on the New York Stock Exchange under the ticker symbol “FIG.” The San Francisco-based company, known for its collaborative design tools, reported a…
Euronext’s Athens Stock Exchange acquisition on the cards
Euronext is in discussions to purchase up to 100% of the Athens Stock Exchange in a 399 million euro ($470 million) all-share deal, according to Reuters. The move would mark the latest expansion for the pan-European exchange operator, which already runs markets in France, the Netherlands and other countries. On Tuesday, Euronext announced plans to…
Intralot to acquire Bally’s International Interactive business in €2.7 billion deal
ATHENS: Intralot S.A. (ATSE: INLOT) and Bally’s Corporation (NYSE: BALY) announced Tuesday that their boards have approved a definitive agreement for Intralot to acquire Bally’s International Interactive business in a cash-and-stock transaction valued at €2.7 billion ($2.9 billion). The deal, expected to close in the fourth quarter of 2025, will see Intralot pay €1.53 billion…